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: mike, thank you for being here. good to speak with you. mike baker. connell: president obama will deliver a statement at 11:30 a.m. eastern time. one of the questions people have brought up after the bombing yesterday and we will start to get into this today and the coming days, what if any impact they will have going forward on our economy. dagen: peter barnes has much more on this. peter: we looked at research reports on the impact of attacks of 9/11 back in 2001. the current economy has shown some softness recently in job creation and retail sales. any hits to consumer confidence may make things worse. two economists that i have talked to this morning do not think it will get too bad. the 9/11 attacks were targeted for the financial systems. consumer confidence rose sharply after the 9/11 attacks. experiencing the biggest monthly drop in a decade. the attacks caused more than 400 mass layoffs and displaced 130,000 workers. industrial production fell back then. the unemployment rate jumped more than a half a percentage point. we were already in a recession that september. w
with this individual who they have on video. kelly. >> scott, we'll leave it there for now. we know president obama is visiting the area. >>> in the meantime, commodity prices are selling off. the sell-off i should say continues. it's mostly copper today, though. and we are certainly off the lows. in fact, something of a rebound shaping up now with gold up better than 1%. crude participating, as well. brent and nymex there both remaining below if you want to call them key psychological levels of $109 a barrel respectively. we've seen miners down significantly in some cases this morning. coming off the lows of the session. how do you play the commodities space? what other opportunities might the u.s. offer in particular here? darren joins me from yorkville capital. welcome. you're here to talk infrastructure, but the conference is about infrastructure, but what you're talking about, really, are some of the opportunities that the u.s. now offers, given a lot of the big changes we've recently seen when it comes to shale gas. >> absolutely. i will start out with two questions for you today. what's the
the largest industrial disaster this decade. president obama quickly pledged federal emergency funds to the area. rescuers spent hours searching through rubble for survivors. the disaster started with a small fire at west fertilzer plant. according to reports, the company was fined $2,300 by the epa for a saftey violation, but settled in 2006. the german parlaiment is backing a $13-billion bailout for struggling cyprus. it's nearly twice the amount estimated a month ago. german taxpayers worry even more money may be needed. the cyprus parliament votes on the bailout package next week. the german prime minister calls the rescue essential, and says without it there's a "significant risk" of contagion to greece and other eurozone countries. closer to home, researchers say the cell phone industry is poised for consolidation. in today's cover story, the watch is on for buy signals from consumers as apple and samsung jockey for position. and, t- mobile offers new products and plans. "we had a fantastic weekend. our customers and employees have been waiting for the iphone for a long time."
passed the finish line. president obama has called for a moment of silence for the victims of the boston marathon bombings next hour at 2:50 p.m. eastern. exactly a week after the first bomb exploded. let's get you back to melissa and lori. melissa: thank you so much. fred chairman ben bernanke skipping the annual jackson hole meeting due to a schedule conflict. that news is already causing rampant speculation. this is a big deal. the fed chairman has been there 25 years. they use the of that to signal policy changes. what do you think is going on? >> i think again, chairman bernanke is opening the door that if in fact he is not re- appointed and i think the market expected before the announcement that he would not seek reappointment, they knew person would have a clean slate to work from. there've been not think that he would say in august that someone would have to change. i think a lot of discussion is that policy will change sometime in 2014. i think it makes it easier for the new person in not having to overturn policy. melissa: not going and not saying anything almost has the same
of them critically. at the white house, president obama vowed it will be a swift and thorough search for whoever planted those devices. >> we will find out who did this. we will find out why they did this. any responsible individuals, any responsible groups will feel the full weight of justice. >> scott cohen is in boston this morning and he will join us in just a moment with the latest. but first, before we do, why don't we get the market aes reaction to all of this. u.s. equity markets are coming off their worst session of the year. in fact, the dow ended at its lows of the day after concern about what was happening in boston. all dow 30 components ended in the red. after the so-called fear of gauge, the vix index was spotted at more than 40%. and the futures this morning after these declines, you'll see there are green arrows today, making up the ground loss yesterday. right now, the dow is up by 55 points, s&p is up by 5.5. gold is the major stoep story yesterday because it was down over 6%. by the end of the day, it had fallen to two-yee lows. the metal fell by as much as 2% tod
. president obama will travel to boston for a memorial service on thursday. the u.s. senate has shut its mail facility for the next couple days after authorities intercepted a letter sent to mississippi republican roger wicker. it was laced with the poison ricin. the letter was post marked from tennessee but had no return address. >>> here in london we are watching the funeral procession for the former british prime minister margaret thatcher. that funeral is due to begin in just about an hour's time at st. paul's cathedral. just outside our studios in london. ross westgate is not with me because he's outside of the cathedral. it looks as though they nearly have arrived. they still have an hour left to go. >> the hearse which you saw creeping behind the church there is just about a half mile away from st. paul's cathedral. it also pretty much marks the spot where the west end becomes the city of london or the city of london that's under the control of the corporation of the city of london. what will happen there is that the hearse will stop and lady thatcher's body and the coffin will be tran
think you get more foot traffic under obama care and my analyst has a favorable rating on the company and you take it on a stock-specific basis. >> are you excited by earnings season, jeff? >> not yet. this is the real onslaught. last week was really light on the earnings front and we'll have a better peg on that after the end of this week. >> for sure. >> jeff, nice to see you. on cnbc. >> from the markets to the growing world of etfs there is 1.5 trillion under management in the u.s. alone within the etf landscape and as etfs keep gaining ground they might make their way into your portfolio and bob pis any is here with his brand new etf portfolio tracker. bob? >> and i'm very proud of that, carl. we've spoken about exchange-traded funds and the role they might play in their portfolio and we might take this to another level and we'll show you how to use etfs to build a retirement portfolio so we brought in six independent etf experts including five financial advisers that use etfs exclusively to build three retirement portfolios that we are rolling out today. the site, retirement.cnb
. bill clinton, vice president of obama, very difficult imagining. now i will start off by touching possible -- upon our alliance. my view is, something is wrong when you say that the u.s. is always on the giving end, and japan always on the receiving end. about tradition of security and our alliance. the japanese must stand tall as an equal and responsible ally to the u.s. the japanese must work hard as a guardian of international common goods, peace, prosperity, and democracy. in fact, that was my grandfather's grandfather's aspirations. when serious at the time u.s.-japan security treaty on september 8, 1951, in san francisco, he wrote that one day japan could work with the u.s. as an equal partner, to sustain the liberal international order. 62 years later, that aspiration still holds. it's my belief that japan has a normal responsibility to enhance peace, happiness, and democracy in the world. that's why, ladies and gentlemen, japan must begin its economic power, that's why we are working hard to turn around our economy, pushing what you call obi-economics. make no mistake we'r
to speak is governor deval patrick as well as president obama who will speak at the end of the service and will bring those remarks to you live. as you know in any sort of in terms of healing it, the key is willing a will to heal. that is very much apparent here in boston. now onto the investigation, as carl said two individuals being sought by authorities on camera, videos can be waptured of these individuals around the time of the bombing, but authorities are also saying that the pictures of those individuals have not been released. so pictures are not the men that authorities are looking for. but there were multiple images that captured the explosion and the time leading up to it. that's what authorities are looking at frame by frame by frame. not just cell phone video, but surveillance video. we talked about the lord & taylor camera directly across the street from the second bombing. there were two other cameras at least that were supplied by a company called access communications. those cameras were high definition cameras. so these could be very high quality images, and we expect
you can't do anything like that and present your system. bill clinton vice president of obama, very difficult imagining. now i will start off by touching upon our alliance. my view is that something is wrong when you say that the u.s. is always on the giving end and japan always on the receiving end. about provision of the security and our alliance. the japanese stand tall as an equal and responsible ally to the u.s. the japanese must work hard as a guardian of international common goods, peace, prosperity, and democracy. in fact, my grandfather's grandfather as a aspirations,y september 1951 in san francisco, the security agreement. he hoped that one day japan could work with the u.s. as an equal partner to sustain the liberal international order. 62 years later, that aspiration still holds. it is my belief that japan has its noble responsibility to enhance peace, hpiss and democracy in the world. that's why, ladies and gentlemen, japan must begin its economic power. that's why we are working hard to turn around our economy. pushing what you call abenomics. make no mistake, we are
court nomination l as possible consideration of president obama's choice to the office of management and budget. >> for the financial services sector most recently we have seen so-called distributed denial of service which is a way of letting a network with information requests that cause a slow down or a stoppage of service. cybercriminals are after money, as was willie sutton it back in the day, robbing banks. >> they are not well publicized cannot talk about. there's confidential information and you don't want many people to know how the air traffic control system works. difficult to control air traffic control in a soundbite. >> we get paid every day on attacks from various sources, but so far the major attacks that we have had have been on information systems or things of that nature. they haven't been the attacks that keeping up at night, which is the ones that would do some damage to our critical infrastructure. >> protecting critical u.s. infrastructure from cyber attacks, tonight on "the communicators" at 8 p.m. eastern on c-span2. >> japanese deputyrime minister and finance
Search Results 0 to 10 of about 11